Schneider National reports Q1 EPS 11c, consensus 12c

Reports Q1 revenue $1.3B, consensus $1.36B.”The enterprise continued to feel the pressures of the ongoing freight recession in the first quarter,” said Mark Rourke, President and Chief Executive Officer of Schneider. “However, we did recognize some signs of progress in market dynamics and in our commercial efforts, and performance of all segments improved through the quarter.” “We are taking actions to improve asset productivity, maintain price discipline, and execute on our cost initiatives,” commented Rourke. “The value of our scale, diversity, partnerships, and technology continues to be recognized across our broad shipper base, and our commercial approach is focused on delivering returns commensurate with the value provided. We believe our actions, combined with ongoing operational efforts and strategic investments in our multimodal portfolio, position us well to be advantaged in the recovery.”